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10 Checkpoint 1.4) (Bond valuation) A bond that matures in 17 years has a $1,000 par value. The annual coupon interest rate is 14

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10 Checkpoint 1.4) (Bond valuation) A bond that matures in 17 years has a $1,000 par value. The annual coupon interest rate is 14 percent and the market's required yield to maturity on a comparable-risk bond is 16 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually? The value of this bond it it paid interest annually would be $(Round to the nearest cont.) b. The value of this bond if it paid interest semiannualy would be $ (Round to the nearest cent)

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